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Updated 20-May-11 08:06 ET

Upgrades

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Qihoo 360 Technology

QIHU

Stifel Nicolaus

Hold » Buy

$38

The stock is up 7.33%. Qihoo 360 Technology Co Ltd. provides Internet and mobile security products in the People’s Republic of China. The Companys products include an Internet security product for Internet security and system optimization; an anti-virus application to protect users’ computers against trojan horses, viruses, worms, adware, and other forms of malware; and a mobile smartphone security program.

Downgrades

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Aeropostale

ARO

Stifel Nicolaus

Buy » Hold

LDK Solar

LDK

Kaufman Bros

Buy » Hold

$24 » $8

Similarly to disappointing the Street, Aeropostale, reported in-line EPS but missing revenue expectations and issuing much worse than expected second quarter guidance — a range of 11 to 16 cents versus expectations for 27 cents.

LDK Solar’s shares fell 1.3 percent after the announcement. The company had intended to use proceeds from the sale to pay down short-term debt. "We still expect to generate sufficient operating cash flow to support our business plan," Chief Executive Xiaofeng Peng said in a statement. LDK shares fell to $8.10 in extended trade after closing at $8.21 on the New York Stock Exchange.

Coverage Initiated

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

JPMorgan Chase

JPM

Stifel Nicolaus

Hold

U.S. Energy

USEG

Global Hunter Securities

Buy

$8.50

Failure by the U.S. to get its fiscal house in order will trigger financial consequences that will “dwarf Lehman Brothers” and seriously diminish the nation’s role as a world economic leader, the CEO and chairman of JPMorgan Chase, Jamie Dimon, told a Denver audience Thursday night.

U.S. Energy recorded a loss of $2.2 million compared to a gain of $1.5 million during the same period in 2010. The decrease in net earnings for 2011 as compared to 2010 is primarily due to (a) $1.8 million in realized and unrealized loss on risk management activities (hedging program), (b) $2.9 million higher lease operating expenses in 2011 which included approximately $2.5 million in workover costs on one well in the Brigham program and, (c) a 2010 equity gain of $963,000 related to our investment in Standard Steam Trust.

Coverage Reit/Price Tgt Changed

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Hansen Natural

HANS

Stifel Nicolaus

Buy

$67 » $71

JinkoSolar Holding

JKS

Collins Stewart

Buy

$38 » $34.50

Gap

GPS

Janney Mntgmy Scott

Neutral

$24 » $21

Aeropostale

ARO

Janney Mntgmy Scott

Neutral

$22 » $17

Flowers Foods

FLO

Longbow

Buy

$35 » $37

Gap was downgraded on concerns that margins remain under pressure, as the company is facing higher costs, Piper Jaffray said.

Flowers Foods Inc. reported Thursday that its first-quarter net income rose slightly on better revenue resulting from higher prices. Shares of the maker of bread brands including Nature's Own and Sunbeam rose $1.01, more than 3 percent, to $32.09.

JinkoSolar announced the closing of $125 million in convertible notes. The notes were sold right in alignment with the pricing announced last week -- a conversion price of $33.75 and an interest rate of 4%.

Hansen Natural Corporation announced that the Company will provide a live audio webcast of the business discussion and question and answer portion of the annual stockholders' meeting. The company recently reported financials that shows strong fundamentals.

Source: Upgrades and Downgrades for Friday May 20th